The right time to start thinking about retirement?
The answer is now. The sooner you start, the more time you’ll have to save money. And the more money you save, the more interest and dividends you’ll earn on that money. Basically, it’s a cumulative effect that can work extremely hard for you.
Whether you’re in your 20s or your 50s, it’s never too early—or too late—to get started working toward your retirement goals with Individual Retirement Accounts (IRAs), like these:
- Traditional IRAs—You do not pay income tax on the qualified contributions you make into this IRA, so you save money in taxes now. You will pay taxes when you start withdrawing money at retirement age.
- Roth IRAs—You do pay income tax on the qualified contributions you make into this IRA now. On the other hand, the withdrawals you make at retirement age are tax-free.
Are you ready for the future? It’s ready for you. Stop by any Freedom Northwest location or give us a call and let us help you decide which option is right for you, then get your IRA opened for you.
Enjoy the safety, convenience and personal service you won’t find at other financial institutions. If you have any questions about our Individual Retirement Accounts, give us a call or stop by one of our convenient locations for personalized attention. You can also email us with inquiries about any of our deposit accounts or for member services.